Sohu.com plans $65 mln convertible offering

NEW YORK (CBS.MW) -- Sohu.com
SOHU, -1.87%
said it plans to privately offer approximately $65 million worth of zero coupon senior notes, which will be convertible into common stock. The China-based online media company expects to include an option for the initial purchaser of the notes to buy an additional $15 million worth of convertible notes. Sohu will use the proceeds for the sale for general corporate purposes, including possible acquisitions. The stock closed Monday up 90 cents at $34.74.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information.
All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.